William Soroka Charitable Trust, Woltman Kaye M Ttee in La Jolla, California (CA)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
William Soroka Charitable Trust, Woltman Kaye M Ttee | |
Employer Identification Number (EIN) | 726226331 |
Name of Organization | William Soroka Charitable Trust |
Secondary Name | Woltman Kaye M Ttee |
Address | 5642 Dolphin Pl, La Jolla, CA 92037-7517 |
Subsection | Charitable Organization |
Ruling Date | 03/2005 |
Deductibility | Contributions are deductible |
Foundation | Private non-operating foundation |
Organization | Corporation |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 05/2012 |
Assets | $100,000 to $499,999 |
Income | $10,000,000 to $49,999,999 |
Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
Asset Amount | $460,655 |
Amount of Income | $22,035,934 |
Form 990 Revenue Amount | $13,301,407 |
National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2012: $22,035,934 (it was $2,199,971 in 2011)
William Soroka Charitable Trust, Woltman Kaye M Ttee: | $22,035,934 |
Other organizations performing similar types of work: | $103,138 |
Assets in 2012: $460,655 (it was $2,638,427 in 2011)
William Soroka Charitable Trust, Woltman Kaye M Ttee: | $460,655 |
Other organizations performing similar types of work: | $338,623 |
Expenses in 2012: $15,474,823
William Soroka Charitable Trust, Woltman Kaye M Ttee: | $15,474,823 |
Other organizations performing similar types of work: | $46,867 |
Income to expenses ratio in 2012: 1.4
William Soroka Charitable Trust, Woltman Kaye M Ttee: | 1.4 |
Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 99.9%
William Soroka Charitable Trust, Woltman Kaye M Ttee: | 99.9% |
Other organizations performing similar types of work: | 79.6% |
Revenue for 2012
Expenses for 2012
Assets for 2012
Analysis of Revenue and Expenses (for 2012) | ||||
Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
---|---|---|---|---|
Total revenue | $13,301,407 | $39,516 | $0 | |
Contributions, gifts, grants, etc., received | $13,286,281 | |||
Interest on savings and temporary cash investments | $6 | |||
Dividends and interest from securities | $39,510 | |||
Gross rents | $0 | |||
Gross profit from sales of goods | $0 | |||
Other income | $-1,089 | |||
Total expenses and disbursements | $15,474,823 | $16,152 | $0 | $15,443,833 |
Compensation of officers, directors, trustees, etc. | $0 | |||
Total operating and administrative expenses | $30,990 | $16,152 | $0 | |
Contributions, gifts, grants paid | $15,443,833 | |||
Excess of revenue over expenses and disbursements | $-2,173,416 | |||
Net investment income | $23,364 | |||
Adjusted net income | $0 |
Balance Sheets (for 2012) | ||
Book Value | Fair Market Value | |
---|---|---|
Total assets | $460,655 | $279,170 |
Cash - non-interest-bearing | $253,748 | |
Investments-U.S. and state government obligations | $0 | |
Investments-corporate stock | $382 | |
Investments-corporate bonds | $0 | |
Investments-mortgage loans | $0 | |
Investments-other | $206,283 | |
Other | $242 | |
Total liabilities | $1 | |
Mortgages and other notes payable | $0 | |
Other | $1 | |
Total liabilities and net assets/fund balances | $460,655 |
Capital Gains and Losses for Tax on Investment Income (for 2012) | |
Capital gain net income | $0 |
Net capital loss | $-23,301 |
Excise Tax Based on Investment Income (for 2012) | |
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
Tax based on investment income | $234 |
Total credits and payments | $242 |
2012 estimated tax payments and 2011 overpayment credited to 2012 | $242 |
Exempt foreign organizations-tax withheld at source | $0 |
Tax paid with application for extension of time to file (Form 8868) | $0 |
Backup withholding erroneously withheld | $0 |
Any penalty for underpayment of estimated tax | $0 |
Overpayment | $8 |
Amount to be credited to 2013 estimated tax | $8 |
Statements Regarding Activities (for 2012) | |
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | No |
Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
During the year did the foundation (either directly or indirectly): | |
Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
Agree to pay money or property to a government official? | No |
At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
During the year did the foundation pay or incur any amount to: | |
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
Provide a grant to an individual for travel, study, or other similar purposes? | No |
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
Minimum Investment Return (for 2012) | |
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $3,933,202 |
Net value of noncharitable-use assets | $3,874,200 |
Minimum investment return | $193,710 |
Distributable Amount (for 2012) | |
Distributable amount | $193,476 |
Undistributed Income (for 2012) | |
Distributable amount for 2012 | $193,476 |
Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
Private Operating Foundations (for 2012) | |||||
2012 | 2011 | 2010 | 2009 | Total | |
---|---|---|---|---|---|
The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
Value of all assets | $0 | $0 | $0 | $0 | $0 |
Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
Gross investment income | $0 | $0 | $0 | $0 | $0 |
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Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | Sean N Parker Foundation | 314 Lytton Avenue No 200, Palo Alto, CA 94301-1430 | CA | 2011-08 | $432,036,012 |
2 | Schmidt Science And Philanthropic Foundation | 555 Bryant St Num 374, Palo Alto, CA 94301-1704 | CA | 2014-09 | $361,983,271 |
3 | W M Keck Foundation | 550 South Hope Street, Los Angeles, CA 90071-2627 | CA | 1959-04 | $344,489,762 |
4 | Scully Memorial Foundation | 591 Redwood Hwy Ste 3215, Mill Valley, CA 94941-6006 | CA | 2013-05 | $173,086,754 |
5 | Windsong Tr, Osco-Bingemann Gigi | 838 Manhattan Beach Blvd, Manhattan Bch, CA 90266-4933 | CA | 2004-09 | $152,598,012 |
6 | S D Bechtel Jr Foundation | PO BOX 193809, San Francisco, CA 94119-3809 | CA | 2006-10 | $107,519,324 |
7 | Erwin Rautenberg Foundation | 2811 Wilshire Blvd Ste 570, Santa Monica, CA 90403-4806 | CA | 2013-01 | $68,308,024 |
8 | Good Ventures Foundation | 314 Lytton Ave Ste 200, Palo Alto, CA 94301-1430 | CA | 2013-03 | $61,394,432 |
9 | Weingart Foundation | 1055 W 7th St Ste 3200, Los Angeles, CA 90017-2557 | CA | 1952-12 | $59,508,576 |
10 | Stephen Bechtel Fund | PO BOX 193809, San Francisco, CA 94119-3809 | CA | 2007-06 | $45,000,000 |
11 | The@maurice Marciano Family Foundation | 144 S Berverly Dr Snite 600, Beverly Hills, CA 90212 | CA | 2008-04 | $42,004,085 |
12 | San Simeon Fund | 765 Market St Apt 34d, San Francisco, CA 94103-2040 | CA | 2005-11 | $40,541,388 |
13 | Valhalla Charitable Foundation | 2995 Woodside Rd Ste 400, Woodside, CA 94062-2448 | CA | 2004-06 | $39,613,340 |
14 | David And Janet Polak Foundation | 1725 Green Acres Dr, Beverly Hills, CA 90210-2741 | CA | 2014-09 | $38,372,046 |
15 | Tarble Foundation, Tarble Jan Ttee | 11075 Santa Monica Blvd Ste 150, Los Angeles, CA 90025-7541 | CA | 2006-02 | $35,434,181 |
16 | Thornton Foundation | 1220 Virginia Rd, San Marino, CA 91108-1054 | CA | 2004-12 | $27,721,690 |
17 | Jay And Rose Phillips Family Foundation Of California | 199 Fremont St Fl 20, San Francisco, CA 94105-2288 | CA | 2011-11 | $25,020,734 |
18 | The@libra Foundation, Nicholas J Pritzker | 1 Letterman Dr Ste C-420, San Francisco, CA 94129-2402 | CA | 2002-06 | $24,614,704 |
19 | Westreich Foundation | PO BOX 3601, Rcho Santa Fe, CA 92067-3601 | CA | 2005-11 | $22,290,096 |
20 | William Soroka Charitable Trust, Woltman Kaye M Ttee | 5642 Dolphin Pl, La Jolla, CA 92037-7517 | CA | 2005-03 | $22,035,934 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 20,448 |
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